Question
Meacham Enterprises' bonds currently sell for $1,150 and have a par value of $1,000. They pay a $130 annual coupon and have a 15-year maturity,
Meacham Enterprises' bonds currently sell for $1,150 and have a par value of $1,000. They pay a $130 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)?
- 9.88%
- 8.72%
- 8.08%
- 7.45%
- 7.84%
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
